MANSFIELD, Texas — Realty Capital Management has acquired 77 acres in the Fort Worth suburb of Mansfield for the development of Watson Branch, a mixed-use project. Preliminary plans call for 10,000 square feet of retail and restaurant space, 250 single-family homes, a 190-unit active adult community by Greystar, a 350-unit apartment complex by Trinsic Residential and a 10-acre public park. Louisiana-based First Guaranty Bank partnered with Dallas-based Realty Capital Partners to finance the acquisition of the land.
Development
Landscape architecture is now a key part of space-planning, not just pandemic reaction. By Linda Gates, Co-Founder and Casey Case, President, Gates+Associates Long-term care residents and staff accounted for outsized shares of COVID-19 infections and deaths, according to USA Today. Facility design can’t solve a virus problem, but the dire numbers have drawn the attention of designers to explore options to minimize negative impacts and support operations. One area gaining renewed attention is the use of outdoor spaces, both because COVID is less easily transmitted outside and the long-known health …
Link Senior Development, Insight Senior Living Launch Ativo Brand with Three Communities Planned
by Jeff Shaw
PORTLAND, Ore. — Link Senior Development and Insight Senior Living have launched the Ativo Senior Living brand, with three upcoming communities currently announced in the Southwest. The first property, Ativo Senior Living of Yuma, Arizona, is currently under construction with a planned opening in early 2021. The Portland-based company also has communities planned in Prescott Valley, Arizona; Buckeye, Arizona; Albuquerque, New Mexico; and other projects in various design phases throughout the Southwest. “This relationship between Insight Senior Living and Link Senior Development was forged based on our mutual enthusiasm for …
VIERA and PONTE VEDRA, Fla. — RangeWater Real Estate is preparing to open its first two active adult communities under its new Olea brand. The properties are Olea at Viera near Orlando and Olea at Nocatee in Ponte Vedra, a suburb of Jacksonville. The new Olea brand is designed for empty nesters looking to lead an active and social lifestyle with the convenience and freedom of apartment living. The two projects are located 140 miles apart on Florida’s east coast and mark the start of RangeWater’s age-targeted housing expansion across …
Housing Trust Group Breaks Ground on $22M Valencia Grove Affordable Community in Florida
by Jeff Shaw
EUSTIS, Fla. — Housing Trust Group (HTG) has broken ground on Valencia Grove II, a 110-unit affordable seniors housing community in Eustis, approximately 30 miles northwest of Orlando. The project is the second phase of the Valencia Grove project, which has already delivered 144 affordable apartments. Units are reserved for residents over 62 years old who earn 22 percent, 35 percent and 60 percent of local area median income (AMI). Rents range from $286 to $937 per month. Development costs for Phase II were estimated at $22 million. The project …
PHOENIX — Gardner Capital has completed construction of El Caro Apartments, a 102-unit affordable senior apartment complex in Phoenix. The property also features a food pantry on-site. Gardner Capital worked with the City of Phoenix’s Housing Department and the Arizona Department of Housing, as well as financial partners Citibank and Enterprise Community. Kitchell served as the general contractor. “We recognized the dual needs for seniors housing and food pantries when developing this site with the aim of creating comfortable, flexible living spaces while reducing food insecurity in the Phoenix area,” …
Pasquale Kuritzky Receives Certificate of Occupancy for 120-Unit Affordable Community in Hollywood, Florida
by Jeff Shaw
HOLLYWOOD, Fla. — Pasquale Kuritzky Architecture Inc. has received the certificate of occupancy for Pinnacle at Peacefield, an affordable seniors housing community in Hollywood, approximately 18 miles north of downtown Miami. The community, named after the ancestral home of John Adams, is part of a redevelopment of the South Dixie Highway corridor on land assembled by the City of Hollywood and its Community Redevelopment Agency. The community features 120 units consisting of one- and two-bedroom residences across three buildings. Pinnacle at Peacefield is the seventh project that Pasquale Kuritzky Architecture …
INDIAN LAND, S.C. — Watercrest Senior Living Group and equity partner Waypoint Residential have opened Watercrest Fort Mill – Indian Land Assisted Living and Memory Care. The community is located in Indian Land, approximately 20 miles south of Charlotte just across the North Carolina border. It features 75 assisted living units and 32 memory care units. General contractor Shiel Sexton built the community. It is the second senior living development partnership between Watercrest Senior Living Group and Waypoint Residential. The first project, Watercrest Newnan Assisted Living and Memory Care, recently …
Claiborne Hires Executive Team, Opens Sales Office for Community Under Construction in Mississippi
by Jeff Shaw
GULFPORT, Miss. — Claiborne Senior Living has opened its sales office for The Claiborne at Gulfport Highlands in the coastal city of Gulfport. Scheduled for completion in 2021, the community will feature 70 assisted living residences and 30 memory care apartments. In preparation for the opening, Claiborne has named Chynna Hyde as executive director and Marissa Butterfield as community relations director. Hyde, who will oversee the community’s strategic direction and daily operations, has worked in health care on the Mississippi Gulf Coast for five years. Her expertise includes healthcare management, …
Pennrose Receives Tax Credits to Expand Stoneridge Villas Affordable Community in Huntsville, Alabama
by Jeff Shaw
HUNTSVILLE, Ala. — Pennrose and the Huntsville Housing Authority (HHA) have been awarded low-income housing tax credits from the Alabama Housing Finance Authority for the Phase II expansion of Stoneridge Villas in Huntsville. The project will add 65 units to the affordable seniors housing community, bringing Stoneridge Villas to a total of 145 apartments. Five of the new units will be wheelchair accessible and two will be outfitted for residents with hearing or vision impairments. Envolve Client Services operates the community. HHA and Pennrose previously partnered on Stoneridge Villas Phase …